Tag Archives: EAT

Will Darden Restaurants, Inc. Surge 35% to $115?

Darden Restaurants, Inc. (NYSE:DRI) has not been trading very well lately. DRI stock is now down 10% over the past month and over 12% so far in 2018. But will that ultimately mark the low? Are shares heading to $115?

If DRI stock does rally to that point — the Street-high price target held by Canaccord analyst Lynne Collier — it would represent a near-35% rally. The chart suggests that won’t be the case, while the fundamentals press us to ask, “why isn’t it there now?”

Let’s take a closer look, starting with the fundamentals.

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